But, like what seems too good, Picasso’s heirs may have announced news of their patriarch’s resurfacing art before clearing it with the rest of the family. The Paris-based Picasso administration manages works owned by five living heirs of Picasso, including Maya Widmeier Picasso, Claude Picasso, Paloma Picasso, Marina Picasso, and Bernard Luis Picasso. And the administration is set up to have the power to immediately shut down the potential mishandling of Pablo’s intellectual (or physical) property. Claude, the official family administrator, violently rejects his niece and son’s plans. That is, NFTs created in the name of Pablo Picasso are technically forged, and fake art does not work, even if its authenticity is based on technology. At the auction.
At the end of last week, the family announced that they would not eventually sell (or reveal) digital art works linked to Picasso’s work. In fact, the Picasso administration’s homepage is engraved with the following bold announcement (in French): Marina Luis Picasso, Florian Picasso, Picasso Estate Administrator, Claude Luis Picasso, and the Picasso administration want to clarify that there is no “Picasso” NFT approved by Picasso Estate. The NFT by Florian Picasso and his collaborators was his own creation, regardless of the claims made to Pablo Picasso and his work. “
Cyril Noterman, Florian’s longtime business manager, admits to the Associated Press: This may be a conservative expression, as one of the most important attractions of this particular sale was accompanied by a Sotheby’s-sponsored auction of ceramic bowls that influenced the cryptocurrency project. However, the famous auction house has denied any involvement in the NFT aspect of sales. In a statement to the Associated Press, Sotheby’s spokesman Matthew Floris said, “Sotheby’s has revealed that it will not sell NFTs for Pablo Picasso’s work.”
Fortunately for Picasso, scandals never hurt the names of their families, and this-even with the obvious shadows of greed and fraud-is almost no exception. In fact, the Picasso family’s struggle may be useful for business, but until the next struggle gets public attention, we’ll only see soaring time and prices. Florian is still planning to sell his NFT under the Origin Protocol — perhaps when this is all blown away, and the general public is even more interested in seeing what the young Picasso produced.